Financial Reports

Comprehensive Annual Financial Report

A Comprehensive Annual Financial Report (CAFR) is a financial statement comprised of the financial report of the City of Derby that complies with the accounting requirements set by the Governmental Accounting Standards Board (GASB). GASB provides standards for the content of a CAFR in its annually updated publication Codification of Governmental Accounting and Financial Reporting Standards.

CAFRs are compiled by Derby's accounting staff and audited by an external American Institute of Certified Public Accountants (AICPA) certified accounting firm utilizing GASB requirements. It is composed of three sections: Introductory, Financial and Statistical.